The recent Ukrainian crisis has made quite obvious that Europe must reduce its dependency on Russian gas, and U.S. gas imports through liquefied natural gas [LNG] seems to be the best alternative. Russia supplies around 30% of Europe's gas consumption, with Northern and Central European countries being heavily exposed to Russian gas. Europe's dependency on Russian gas is worrisome and the country's recent military intervention in Ukraine is bolstering the case for easing restrictions on exports of the U.S.'s booming natural gas production.
These recent tensions should lead Europe to diversify its gas suppliers over the long-term, and the U.S. seems to be its best alternative as abundant and cheap natural gas can be exported through sea. Even though LNG ...
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